The office segment, for 2024, is expected to witness major projects that are in the pipeline, leading to augmenting the growth of Qatar’s economy. Several analysts in the country said that this indicates a vital boost for the sector.   However, as per reports, the key projects are expected to reach 350,000 sqm gross leasable area (GLA), representing an estimated increase of 50% in the forecast.   With the majority of the projects being delayed during 2023, oversupply is projected to exceed 2 million sq m GLA, which may continue to put “downward pressure” on the performance of the commercial sector.   Speaking to The Peninsula, Anum Hasan, Head of Research at Valustrat Qatar said: “In 2023, the office market saw a slowdown in the rent…

Doha, Qatar: Qatar’s real estate market has continued its upward trajectory growth during the first three months of this year. Realty sector witnessed deals worth QR4.253bn in the third quarter (Q3) of 2024, according to Ministry of Justice data. Qatar’s market is poised to benefit in the long-term, driven by several infrastructure projects and developments, expansion of the industry across the country, and investment-friendly initiatives implemented by the Qatari government in addition to an appetite for safe investment. The real estate transactions achieved the highest levels during January 2024 with a total value of QR1.919bn. February 2024 registered a total value of QR1.391bn and March of this year also recorded QR942m realty transactions. The growth in real estate…

Qatar’s real estate market has continued its upward trajectory growth during the first three months of this year. Realty sector witnessed deals worth QR4.253bn in the third quarter (Q3) of 2024, according to Ministry of Justice data. Qatar’s market is poised to benefit in the long-term, driven by several infrastructure projects and developments, expansion of the industry across the country, and investment-friendly initiatives implemented by the Qatari government in addition to an appetite for safe investment. The real estate transactions achieved the highest levels during January 2024 with a total value of QR1.919bn. February 2024 registered a total value of QR1.391bn and March of this year also recorded QR942m realty transactions. The growth in real estate sector in Qatar…

According to the ValuStrat Price Index (VPI), the nation’s residential sector remained stable every quarter during the fourth quarter (Q4) of 2023.   Prices in places like West Bay Lagoon and Muaither went up by 1% over the previous quarter. With the addition of 795 houses in the final quarter of 2023, the residential stock surpassed 343,500 units.   Experts at the international research and valuation consulting firm observed that of the 12,500 homes projected for 2023, nearly 11,000 were delivered in the previous year. During Q4 2023, notable projects include the residential buildings in Lusail, Al Serdal (120 apartments), and Al Kharaej (150 units).   Conversely, Just Real Estate opened The Lane Residence, the first residential building on Lusail Boulevard,…

Doha, Qatar: The total value of real estate transactions recorded at the Real Estate Registration Department of the Ministry of Justice reached QR183,391,822 during the period from March 17 to 21, 2024.   The total value of real estate sales for residential units during the same period reached QR19,549,817.   According to the weekly bulletin issued by the Ministry’s Real Estate Registration Department yesterday, the list of traded properties included vacant land, houses, residential buildings, and residential units.   The majority of sales were concentrated in the municipalities of Al Daayen, Doha, Umm Slal, Al Rayyan, Al Khor and Al Dakhira, Al Wakrah, Al Shamal, and Al Sheehaniya, as well as in The Pearl-Qatar, Dafna 60, and Al Kharayej.